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Lending

Hungary: New Threats for Foreign Banks

Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.

September 6, 2013

Another Austerity Package in Austria?

Due to the dismal situation of nationalized banks, the economist Christian Keuschnigg anticipates another austerity package after the election at the end of September.

September 6, 2013

Austrian Banks Register Growing NPL

The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.

September 5, 2013

Hungarian Government Wants Further FX Debt Reliefs

The government has talks with the Hungarian banking association. In order to de-burden indebted Hungarian households, Prime Minister Viktor Orban wants to reach a debt relief plan.

September 4, 2013

EU Approves Hypo Group´s Restructuring Plan

The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.

September 2, 2013

Austrian Banking Sector Burdened Heavily With NPL

In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.

September 2, 2013

Hypo Group Considers IPO

The Austrian nationalized bank takes an IPO of its Eastern subsidiaries into account.

August 31, 2013

Czech Republic: SME Suffer from Credit Crunch

The recession in the Czech Republic is mainly due to the restrictive lending policy of the domestic banking sector.

August 24, 2013

RBI´s CEO Sevelda: Drastic Losses in Hungary

Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.

August 17, 2013

Credit Crunch in CESEE?

The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.

August 7, 2013

UniCredit to Focus on Poland, Turkey and Russia

UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.

August 6, 2013

Turkey: Banking Sector Improves Profitability

In the first six months of 2013, net income of Turkey´s banking sector was up by 20%.

August 6, 2013

RBI Considers Withdrawing from Hungary

The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.

August 6, 2013

Arab Partner for RBI?

Karl Sevelda, CEO of Raiffeisen Bank International, indicated that an Arab investor may become a shareholder.

August 5, 2013

Croatia: Foreign Currency Loans No Danger for Banks

About 8% of the loan portfolio in Croatia consists of Swiss franc loans. Banks would be able to bear losses.

August 5, 2013

Slovenian Banking Sector: Equity Capital Base Improves

The banking system’s overall capital adequacy improved last year to 11.9% on average. The banks primarily focused on improving their core Tier 1 capital ratio, which was up 1.1 percentage points to stand at 10%.

August 3, 2013

Slovenian Real Estate Sector Shrinks

The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.

August 3, 2013

Slovenia: Household Income Shrinks

For the first time since its independence, Slovenia´s households record a decrease in disposable income.

August 2, 2013

Slovenian Banking Sector Still Under Enormous Pressure

Besides the decreasing negative net income and the high impairment losses, Slovenia´s banks register a decreasing lending activity. Deposits are going down as well.

August 2, 2013

Serbia: Capital Outflow Decelerates

At least, the pace and Volume of Capital Withdrawal by Foreign Banks Declines in the First Half of 2013.

August 2, 2013

Hungary Plans New Burden for Banks

Hungarian households are still over-indebted. Prime Minister Viktor Orban aims to help them on the expense of the banking sector.

July 23, 2013

Czech Banking Industry Reduces Lending Significantly

According to a survey issued by the Czech National Bank, banks tightened their credit standards in all the monitored credit market segments in 2013 Q2.

July 22, 2013

Hypo Group Needs Even More Money

The nationalized Austrian bank needs fresh funds of more than € 700m. For the Austrian taxpayers, the banking package becomes more and more costly.

July 21, 2013

Kommunalkredit to be Liquidated

The EU Commission has approved the plans submitted by the Austrian government. The nationalized bank will need further state aids.

July 20, 2013

Moody´s Lowers Outlook of RBI

The outlook for Austrian Raiffeisen Bank International, the second-biggest lender in the CESEE region, was downgraded to “negative”.

July 20, 2013

Slovenia: Condition of Banking Sector Still Critical

In the first five months, the Slovenian Banking has recorded a net loss of € 117m. Lending goes down substantially.

July 18, 2013

Erdogan Attacks Banks

Turkey´s Prime Minister wants to strengthen his fight against the over-indebtedness of private Turkish households. According to Erdogan, banks are responsible for the unfavorable situation.

July 18, 2013

Does RBI Need a Partner?

The Austrian “Wiener Zeitung” reports that RBI (Raiffeisenbank International), the second-biggest lender in the CESEE region, has a capital requirement of more than € 5.0bn.

July 17, 2013

CNB Expects Croatian GDP to Contract Remarkably

The Croatian National Bank forecasts a GDP decline of 1.0% in 2013.

July 17, 2013

„Austrian Banking Sector Still Weakly Capitalized“

Austrian National Bank (OeNB) criticizes that the domestic banking sector did not improve the equity base sufficiently.

July 16, 2013

Good Year for Austrian Banks in 2012

The consolidated financial statements after tax and minority shares increased from € 711m to € 2.97bn.

March 20, 2013

Orban Wants to Strengthen Hungarian Banks

According to Hungary´s Prime Minister Viktor Orban, the high share of foreign banks is “unhealthy”.

March 13, 2013

Belgrade Initiative to Support Serbia´s Financial System

The first meeting of the Belgrade Initiative, a host country cross-border banking forum, was held in Belgrade today.

March 8, 2013

Hungary: OTP’s Profits Lower Than Expected for Q4

OTP said it had to recover from losses from previous year. Income in the core domestic business fell 17 % to HUF 94.6 bn in 2012. Still, net profits are up 46 %.

March 8, 2013

Austria: Negative Outlook for Banks

Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.

March 8, 2013

Austria: Less Money in Foreign Currency Credits

The volume of foreign currency loans has decreased further at the end of 2012.

March 7, 2013

Austrian Construction Group Alpine Rescued

For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.

March 4, 2013

“I do not expect for crediting requirements to tighten”

There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.

March 4, 2013

Romania As Risk Factor for Austria´s Public Finance

The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.

March 2, 2013

Lithuanian Banking Sector: Lending Up, Profitability Down

Over the past year, the assets of banks operating in the country and branches of foreign banks decreased.

March 2, 2013

Ukraine and EU Signed Memorandum of Understanding and Loan Agreement

Memorandum for the stability of Ukraine’s finance and economy was signed on the EU-Ukraine Summit.

February 27, 2013

Ukrainian Banking Sector Shows Small Progress

NBU, the National Bank of Ukraine stresses that deposits and lending is growing decently. The inflation remains low.

February 22, 2013

“No further tightening of corporate credit conditions”

The Hungarian National Bank has today published the results of its latest lending survey. The survey conducted in January 2013 found that credit conditions for non-financial corporations had not been tightened further.

February 22, 2013

VBAG: Major Losses in Romania

The Romanian subsidiary of Austrian VBAG suffers from non-performing loan. Last year proved to be again a difficult one for the Romanian banking system, Raiffeisen Research states.

February 21, 2013

Romania: Key Rate to Remain Unchanged

“In line with our expectations and market consensus, the central bank remained on hold at its latest monetary policy meeting (5 February)”, Raiffeisen Research reports.

February 21, 2013

Ukrainian Banking Sector Recovers

According to Raiffeisen Research, the important of foreign banks in the Ukraine is decreasing. Due a decrease in provisions, the profitability of the banking sector goes up.

February 21, 2013

Ukraine: Deal With IMF to be Cut in Summer

The visit of IMF mission to Kyiv did not bring the immediate results. Raiffeisen Research expects the negotiations to be rather prolonged.

February 20, 2013

NBU: “Banking Industry Shows an Upward Trend”

Mr. Oleksii Tkachenko, Deputy Governor of the National Bank of Ukraine, believes that overall 2012 was a successful year for the domestic banking industry.

February 18, 2013

Slovenian Central Bank Wants to Boost Economic Growth

Since the middle of last year, the Bank of Slovenia and the Bank Association of Slovenia have been coordinating their action to improve the business conditions for the real sector.

February 14, 2013

Russia: Consumer Loans Growing Substantially

At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.

February 13, 2013
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